perinova
Full time employment: Posting here.
- Joined
- Apr 18, 2006
- Messages
- 534
Assuming no inheritance tax, the higher the basis the better.
How is the basis of non-probate TOD financial accounts such as Vanguard/Fidelity/etc adjusted?
Is it on the account transfer date or time-of-death or you can choose a date 6-months passed the death?
Other related question: If I am reading a previous thread correctly that the total basis is adjusted if there is a death of a JTWROS owner? (This includes house and financial accounts?)
How is the basis of non-probate TOD financial accounts such as Vanguard/Fidelity/etc adjusted?
Is it on the account transfer date or time-of-death or you can choose a date 6-months passed the death?
Other related question: If I am reading a previous thread correctly that the total basis is adjusted if there is a death of a JTWROS owner? (This includes house and financial accounts?)